FitLife Brands, Inc. (FTLF) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by FitLife Brands, Inc. on May 22, 2026, covering events occurring on May 18, 2026. The Company is incorporated in Nevada and its common stock trades on the Nasdaq Capital Market under the symbol "FTLF".
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on corporate governance and executive compensation.
Material Changes
The primary material change reported is the appointment of Ryan Hansen as President of the Company, effective May 18, 2026. Mr. Hansen previously served as Executive Vice President since November 2023. In connection with this promotion, the Board approved an increase in his base salary from $275,000 to $300,000.
Compensation and Equity Grants
As part of his appointment, Mr. Hansen received the following compensatory arrangements:
- Stock Options: 75,000 options to acquire common stock with an exercise price of $10.50. Vesting is scheduled as one-third on the first anniversary, with the remainder vesting in equal increments on the second and third anniversaries, subject to continued service.
- Performance Stock Units (PSUs): 50,000 PSUs. These vest when the 30-day volume weighted average price (VWAP) of the Company's common stock meets or exceeds $20.00. They expire on the fifth anniversary of the grant date if not vested.
- Employment Status: Mr. Hansen serves as an at-will employee without a formal employment agreement.
Risks and Contingencies
The filing states there are no related person transactions between Mr. Hansen and the Company. No specific risks, contingencies, or unusual items were disclosed in this report.
Investor Verification Checklist
- Verify the current market price of FTLF common stock relative to the $20.00 PSU vesting threshold and the $10.50 option exercise price.
- Review the Company's most recent 10-K or 10-Q filings for financial performance data, as this 8-K contains no financial metrics.
- Confirm the total number of outstanding shares and the potential dilution impact of the 75,000 options and 50,000 PSUs granted.
- Monitor future filings for any formal employment agreement updates, as the current arrangement is at-will.